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Redlining

Question: 
Redlining is an illegal practice under Fair Lending. Isn't it also illegal under the Community Reinvestment Act?
Answer: 

Redlining certainly can be an illegal fair lending practice, but it isn't always a fair lending or a CRA practice. For example if a portion of a community is redlined based on the income of the residents in the area the practice is a CRA issue, but not necessarily a fair lending issue since the practice is not based on a prohibited basis under the Fair Housing or Equal Credit Opportunity Acts.
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Learn more about Jack Holzknecht’s webinar Fair Lending - Do Your Lenders Know the Requirements?

First published on 10/27/2019

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